SAC Capital Was in Talks to Settle Government Probe in Early May; Talks Have Apparently Broken Down: Source
Toll Brothers Inc
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If earnings are driving the rally, then next week is going to be very telling. "I want to be careful of some stocks," Cramer said.
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If you’re at all interested in the housing market, then you’ve probably heard the sound from yesterday’s webcast of a Citigroup homebuilder conference. Donald Tomnitz, CEO of D.R. Horton, the nation’s largest homebuilder by volume, said, “I don't want to be too sophisticated here, but '07 is going to suck, all 12 months of the calendar year.”
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Luxury home builder Toll Brothers said on Wednesday it could "burn off" its inventory in many markets in four or five months if its lower cancellation rate persists, suggesting the weak U.S. housing market may be at a bottom.
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I’m getting frustrated with two words: “Housing Market.” For weeks now I’ve been getting the questions from my friends, the pitches from so-called housing experts and the assignments from my bosses: How is the Housing Market this Spring??
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Stocks closed mostly lower, dragged down by higher energy prices and defiance from Iran. Technology rallied on strength in computer chips, giving the Nasdaq a boost. "Investors are somewhat cautious at these market levels," Michael Sheldon, Chief Market Strategist at Spencer Clarke, told CNBC.com.
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Shares of Toll Brothers widened declines in afternoon trading Thursday after the luxury home builder cut forecasts for fiscal 2007 and said a rebound in the housing market was unlikely to materialize in time for the spring selling season.
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Early buying interest is putting a firm foundation under stocks so far this morning. European stocks are moving up on earnings news, and Japan ended higher, comforted by comments that the Bank of Japan will move slowly with any further rate increases.
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Luxury home builder Toll Brothers said it expects to report a 19% drop in home-building revenue.
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This morning on "Squawk on the Street" Mark Haines and Erin Burnett spoke to Jon Hilsenrath of The Wall Street Journal about his stocks of the week. This is part of our regular "Five for Five" segment, where we give you, the investor, a list of five stocks to keep your eye on.
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Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.
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The U.S. housing market has certainly gone through a rough patch lately--but there is some good news on stronger home sales--as we've reported. The Commerce Department says new U.S. home sales rose 3.4% in November. Analysts were looking for a gain of 1-2%. But new home sales are still down from a year ago by 15.3%. So--are there any good stock recommendations out there?
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Stocks fell after trading in a narrow range all day while investors waited for Friday’s jobs report, the last key economic indicator before next week's Federal Reserve meeting.
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Good morning. A busy day ahead as we'll certainly focus on the Yahoo management shuffle. The company hands an extended role to its Chief Financial Officer Susan Decker and several top execs will be leaving. Well start with our quote of the day from cartoonist Scott Adams...
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Stocks closed higher following mostly positive news about the U.S. economy and gains from several major blue-chip companies.
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Is the home building industry starting to bottom? Luxury builder Toll Brothers reported earnings in line with expectations, though guidance for 2007 appears to be below analyst expectations-- assuming certain changes in accounting methods. Cancellations remain high but CEO Robert Toll said some markets "seem to be dancing on the bottom or slightly above."
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Toll Brothers, a builder of luxury homes, said fourth-quarter earnings fell amid continuing softness in some of the once-hottest U.S. housing markets.
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Sales of new homes fell in October by the largest amount in three months, a fresh sign of the slowdown in the once-hot housing sector.